Martinsa Fadesa
#137
BE Enthusiast
Joined: May 2014
Posts: 465
Re: Martinsa Fadesa
I think it is fair to assume that a major hotel company like say Barcelo or Melia could make a successful operation of the unfinished hotel overlooking the golf course. It would of course have to concentrate on the golfers market. The problem to me seems to be the overhanging debt of unpaid taxes alleged to amount to circa 800,000 euros.
Could anyone explain to me how an unfinished building plot can accumulate such a vast amount of unpaid taxes??????? I cannot begin to understand how a partially constructed building could owe such a huge amount. IS IT TO AYAMONTE AYUNTAMIENTE ?? If so what for.
Maybe it would be better to write off the taxes in order to get the hotel operational and generate income and subsequent taxes.
Hopefully, someone understands this better than I do !! I would be keen for someone to explain this one
Could anyone explain to me how an unfinished building plot can accumulate such a vast amount of unpaid taxes??????? I cannot begin to understand how a partially constructed building could owe such a huge amount. IS IT TO AYAMONTE AYUNTAMIENTE ?? If so what for.
Maybe it would be better to write off the taxes in order to get the hotel operational and generate income and subsequent taxes.
Hopefully, someone understands this better than I do !! I would be keen for someone to explain this one
#138
Re: Martinsa Fadesa
I think it is fair to assume that a major hotel company like say Barcelo or Melia could make a successful operation of the unfinished hotel overlooking the golf course. It would of course have to concentrate on the golfers market. The problem to me seems to be the overhanging debt of unpaid taxes alleged to amount to circa 800,000 euros.
Could anyone explain to me how an unfinished building plot can accumulate such a vast amount of unpaid taxes??????? I cannot begin to understand how a partially constructed building could owe such a huge amount. IS IT TO AYAMONTE AYUNTAMIENTE ?? If so what for.
Maybe it would be better to write off the taxes in order to get the hotel operational and generate income and subsequent taxes.
Hopefully, someone understands this better than I do !! I would be keen for someone to explain this one
Could anyone explain to me how an unfinished building plot can accumulate such a vast amount of unpaid taxes??????? I cannot begin to understand how a partially constructed building could owe such a huge amount. IS IT TO AYAMONTE AYUNTAMIENTE ?? If so what for.
Maybe it would be better to write off the taxes in order to get the hotel operational and generate income and subsequent taxes.
Hopefully, someone understands this better than I do !! I would be keen for someone to explain this one
That would need someone from the town hall making a business decision to make this happen. There was a great quote on the New Mast thread that made me laugh 'the odds on it happening now are slim to none ,and slim just rode out of town'
As you know in Spain all property debts will pass on to the new owner, so it is essential that you get a good lawyer on buying. We had an awful lawyer, who didn't check this basic matter, and had a fight over that.
Not a good start for us!
I think in most countries you are liable for property taxes (and other payments) the moment you buy the land, property etc. So it is normal, and I can only suppose there is no way someone will make that business decision. OR - I am guessing here, to give an 'amnesty' on unpaid back taxes needs some massive paperwork justification. As that is less money in the tax-receipt coffers, and 'good tax payers' may complain that they pay and the bad-guys get away with it.
This need for an 'amnesty-justification' may make it administratively + legally very difficult to make happen. And, grudgingly in this case, I suppose I can see some sense in that, it should be difficult to forgive taxes.
Of course in Ayamonte it's rumoured that brown envelopes are the most effective 'work-around'
Jon
PS I really don't understand the bankruptcy, if MF are totally defunct as an organisation - they obviously cant pay, logically the money has to be written off anyway, and maybe that is an easier justification for this 'amnesty' .... but again that needs a business decision
Last edited by Jon-Bxl; Oct 5th 2016 at 8:32 am.
#139
BE Enthusiast
Joined: May 2014
Posts: 465
Re: Martinsa Fadesa
That would need someone from the town hall making a business decision to make this happen. There was a great quote on the New Mast thread that made me laugh 'the odds on it happening now are slim to none ,and slim just rode out of town'
As you know in Spain all property debts will pass on to the new owner, so it is essential that you get a good lawyer on buying. We had an awful lawyer, who didn't check this basic matter, and had a fight over that.
Not a good start for us!
I think in most countries you are liable for property taxes (and other payments) the moment you buy the land, property etc. So it is normal, and I can only suppose there is no way someone will make that business decision. OR - I am guessing here, to give an 'amnesty' on unpaid back taxes needs some massive paperwork justification. As that is less money in the tax-receipt coffers, and 'good tax payers' may complain that they pay and the bad-guys get away with it.
This need for an 'amnesty-justification' may make it administratively + legally very difficult to make happen. And, grudgingly in this case, I suppose I can see some sense in that, it should be difficult to forgive taxes.
Of course in Ayamonte it's rumoured that brown envelopes are the most effective 'work-around'
Jon
PS I really don't understand the bankruptcy, if MF are totally defunct as an organisation - they obviously cant pay, logically the money has to be written off anyway, and maybe that is an easier justification for this 'amnesty' .... but again that needs a business decision
#140
BE Enthusiast
Thread Starter
Joined: Nov 2007
Location: Ayamonte
Posts: 876
Re: Martinsa Fadesa
#141
BE Enthusiast
Joined: May 2014
Posts: 465
Re: Martinsa Fadesa
But we are still non the wiser as to whether anyone has actually made any sort of bid for the hotel. My guess is that the taxes outstanding are enough to discourage a lot of concerns, and politicians seem to stretch the truth. A deal needs to be done on the taxes!
#142
BE Enthusiast
Joined: Oct 2004
Location: Shenfield, Essex
Posts: 615
Re: Martinsa Fadesa
#143
Re: Martinsa Fadesa
Even if the hotel was completed, I fail to see how they can attract more golf to CE with the current state of the course. Despite the best efforts of the greenkeepers, it still needs a lot of investment to bring it up to a standard where golfers would choose it over others nearby, e.g. El Rompido. Great shame as it has the makings of a good course.
If they make it better we might get found out.
#145
Just Joined
Joined: Aug 2015
Posts: 16
Re: Martinsa Fadesa
Is there any news on the sale of the golf course(s)?
#146
Re: Martinsa Fadesa
The last of the cranes was taken down today so it all looks a bit better..
Jon
Jon
#148
Just Joined
Joined: Aug 2015
Posts: 16
Re: Martinsa Fadesa
Hi. Is there any news on the sale of the golf course(s)?
It seems to be really difficult to get an answer to this simple question.
It seems to be really difficult to get an answer to this simple question.
#149
Re: Martinsa Fadesa
We don't even know what our EUC money is being spent on.
Although the shiny new tarmac road on the hill up to Ayamonte looks suspicious.
They must have had a bucket left over because they finally filled in the 5 year old pothole on the roundabout at the bottom of Lomas.